Latest Commercial Sales

Many commercial properties sold for sub 6% yields showing that commercial properties are getting dearer. The Richmond Rd property, basically a 100 year old converted villa and now a mixed  commercial and residential was bound to be expensive at 5.8% yield  although a whisker under CV.  The Pt Chev block of mixed commercial and residential, consisting of 2 eateries and a residential was also at 5.8% approx. not withstanding it was a 1920′s building and could have earthquake issues.

 

Bayleys Total Property auction:

1st August 2012

Papatoetoe, 67 East Tamaki Rd, sold prior for $820,000

Pt Chevalier, 1194-6 Great North Rd, sold for $1.055 million

Penrose, 67 O’Rorke Rd, sold for $765,000

Grey Lynn,  96-98 Richmond Rd, sold for $970,000

Uptown, 29 East St, sold for $1.9 million

Papakura, 89 Great South Rd, passed in at $800,000

Morningside, 49 Sainsbury Rd, unit  3, sold prior for $1.181 million

Panmure, 11 Pleasant View Rd, sold for $1.275 million

Panmure, 188 Queens Rd, passed in at $900,000

East Tamaki, 64 Lovegrove Crescent, passed in at $800,000

Newmarket, 52 Broadway & 4 Leek St, passed in at $2.8 million

Takapuna, 438 Lake Rd, passed in on vendor’s bid of $1.85 million

Otahuhu, 48, 50 & 101 Atkinson Avenue, sold for $2.2 million

Airport Oaks, 9 Doncaster St, sold prior for $1.75 million

CBD, Learning Quarter, 28 Anzac Avenue, unit 1, passed in at $450,000

CBD, Learning Quarter, 28 Anzac Avenue, unit 7, passed in, no bid

New Lynn, 3091 Great North Rd, sold for $1.1 million

Mt Eden, 102 Dominion Rd, unit 1, passed in, no bid

Mt Eden, 96-98 Dominion Rd, units L & M, passed in, no bid

Bayleys Total Property auction:

Papatoetoe, 67 East Tamaki Rd, sold prior for $820,000

Pt Chevalier, 1194-6 Great North Rd, sold for $1.055 million

Penrose, 67 O’Rorke Rd, sold for $765,000

Grey Lynn,  96-98 Richmond Rd, sold for $970,000

Uptown, 29 East St, sold for $1.9 million

Papakura, 89 Great South Rd, passed in at $800,000

Morningside, 49 Sainsbury Rd, unit  3, sold prior for $1.181 million

Panmure, 11 Pleasant View Rd, sold for $1.275 million

Panmure, 188 Queens Rd, passed in at $900,000

East Tamaki, 64 Lovegrove Crescent, passed in at $800,000

Newmarket, 52 Broadway & 4 Leek St, passed in at $2.8 million

Takapuna, 438 Lake Rd, passed in on vendor’s bid of $1.85 million

Otahuhu, 48, 50 & 101 Atkinson Avenue, sold for $2.2 million

Airport Oaks, 9 Doncaster St, sold prior for $1.75 million

CBD, Learning Quarter, 28 Anzac Avenue, unit 1, passed in at $450,000

CBD, Learning Quarter, 28 Anzac Avenue, unit 7, passed in, no bid

New Lynn, 3091 Great North Rd, sold for $1.1 million

Mt Eden, 102 Dominion Rd, unit 1, passed in, no bid

Mt Eden, 96-98 Dominion Rd, units L & M, passed in, no bid

Bob Dey report

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